Qfin Holdings, Inc. (QFIN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 3.08B | 2.5B | 2.62B | 2.81B | 3.05B | 2.37B | 1.96B | 1.96B | 2.35B | 1.24B | 1.76B | 1.76B | 1.79B | 1.59B | 1.12B | 1.42B | 2.01B | 1.78B | 1.26B | 745.11M |
| Operating CF Margin % | 76.32% | 48.05% | 60.57% | 69.12% | 68.08% | 54.27% | 47.15% | 47.15% | 52.31% | 29.06% | 53.61% | 62.31% | 54.92% | 48.45% | 31.55% | 39.74% | 52.91% | 45.2% | 36.31% | 24.11% |
| Operating CF Growth % | 0.95% | 5.46% | 33.67% | 43.27% | 29.76% | 90.68% | 11.36% | 11.2% | 31.2% | -21.87% | 57.52% | 24.06% | -10.88% | -10.39% | -11% | 90.52% | 73.51% | 24.88% | -8.38% | -45.71% |
| Net Income | 1.01B | 1.44B | 1.73B | 1.8B | 6.26B | 1.8B | 1.38B | 1.16B | 1.11B | 1.14B | 1.1B | 934.11M | 867.9M | 992.84M | 979.84M | 1.18B | 1.31B | 1.56B | 1.55B | 1.35B |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 74.89M | 0 | 0 | 0 | 73.76M | 0 | 0 | 0 | 18.6M | 0 | 39.65M | 0 | 36.06M | 0 | 23.76M | 0 |
| Stock-Based Compensation | 0 | 0 | 118.48M | 129.61M | 0 | 26.34M | 0 | 44.65M | 42.57M | 43.29M | 53.25M | 46.5M | 51.35M | 49.55M | 46.76M | 52.07M | 301.16M | 69.54M | 67.28M | 59.55M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -326.54M | 0 | 0 | 0 |
| Other Non-Cash Items | 2.08B | 1.07B | 769.53M | 875.9M | -1.8B | 542.62M | 581.09M | 749.34M | 4.49B | 58.56M | 610.89M | 780.49M | 1.75B | 549.74M | 3.11B | 188.03M | -341.65M | 143.06M | 2.59B | -661.88M |
| Working Capital Changes | 0 | 0 | 0 | 0 | -1.49B | 0 | 0 | 0 | -3.36B | 0 | 0 | 0 | -893.56M | 0 | -3.05B | 0 | 1.04B | 0 | -2.98B | 0 |
| Change in Receivables | 0 | 0 | 0 | 0 | 367.81M | 0 | 0 | 0 | -123.38M | 0 | 0 | 0 | 339.51M | 0 | -574.19M | 0 | -512.8M | 0 | 152.15M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -1B | -645.55M | -8.19B | -3.24B | -945.61M | -2.93B | -980.4M | -3.14B | -1.89B | -2.26B | -3.44B | -3.56B | -1.68B | -2.98B | -252.79M | -2.44B | -345.51M | -3.43B | -2.24B | -52.16M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -84.55M | 0 | 0 | 0 | -13.89M | 0 | 0 | 0 | -15.27M | 0 | 0 | 0 |
| CapEx % of Revenue | 76.32% | - | - | - | 3.42% | - | - | - | 1.88% | - | - | - | 0.43% | - | 0.13% | - | 0.4% | - | - | - |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 41.54B | 42B | 42.34B | 35.03B | 35.18B | 32.18B | 29.87B | 29.77B | 30.42B | 26.34B | 24.56B | 21.61B | 18.54B | 17.32B | 14.51B | 14.67B | 12.7B | 12.52B | 9.47B | 7.48B |
| Other Investing | -1B | -645.55M | -8.19B | -3.24B | -945.61M | -2.93B | -980.4M | -3.14B | -1.77B | -2.26B | -3.44B | -3.56B | -1.63B | -2.98B | -252.79M | -2.44B | -330.24M | -3.43B | -2.24B | -52.16M |
| Cash from Financing | -4.08B | -448.66M | 2B | 5.45B | -1.87B | -1.25B | -767.61M | 1.78B | -911.62M | 702.95M | 1.24B | 38.94M | 193.8M | 881.09M | 1.05B | 1.08B | 456.95M | 455.23M | 562.25M | 789.29M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -4.71B | 0 | 0 | 0 | -2.97B | 0 | 0 | 0 | -636.18M | 0 | 0 | 0 | 243.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | -1.26B | 0 | 0 | 0 | -941.71M | 0 | 0 | 0 | -204.22M | 0 | -551.67M | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -4.71B | 0 | 0 | 0 | -2.97B | 0 | 0 | 0 | -636.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 632.72M | -448.66M | 2B | 5.45B | 1.78B | -1.25B | -767.61M | 1.78B | 666.26M | 702.95M | 1.24B | 38.94M | 633.99M | 881.09M | 1.6B | 1.08B | 456.95M | 455.23M | 562.25M | 789.29M |
| Net Change in Cash | -1.91B | 1.41B | -3.6B | 5.01B | 263.94M | -1.83B | 215.72M | 597.6M | -446.4M | -309.14M | -430.8M | -1.77B | 283.03M | -500.9M | 1.92B | 51.17M | 2.12B | -1.2B | -418.37M | 1.48B |
| Free Cash Flow | 0 | 2.5B | 2.62B | 2.81B | 2.9B | 2.37B | 1.96B | 1.96B | 2.27B | 1.24B | 1.76B | 1.76B | 1.78B | 1.59B | 1.12B | 1.42B | 2B | 1.78B | 1.26B | 745.11M |
| FCF Margin % | - | 48.05% | 60.57% | 69.12% | 64.67% | 54.27% | 47.15% | 47.15% | 50.43% | 29.06% | 53.61% | 62.31% | 54.5% | 48.45% | 31.55% | 39.74% | 52.51% | 45.2% | 36.31% | 24.11% |
| FCF Growth % | -100% | 5.46% | 33.67% | 43.27% | 27.84% | 90.68% | 11.36% | 11.2% | 27.47% | -21.87% | 57.52% | 24.06% | -10.9% | -10.39% | -11% | 90.52% | 76.08% | 24.88% | -8.38% | -45.71% |
| FCF per Share | - | 18.80 | 19.29 | 19.67 | 20.03 | 16.01 | 12.68 | 12.28 | 14.03 | 7.56 | 10.65 | 10.63 | 10.98 | 9.85 | 6.99 | 8.85 | 12.41 | 11.06 | 7.81 | 4.67 |
| FCF Conversion (FCF/Net Income) | 3.08x | 1.74x | 1.51x | 1.56x | 1.59x | 1.32x | 1.42x | 1.68x | 2.12x | 1.09x | 1.61x | 1.89x | 2.06x | 1.60x | 1.14x | 1.20x | 1.52x | 1.14x | 0.81x | 0.55x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 123.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |